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Oct 4, 2012
10/12
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behin bowles-simpson, get the rate down, lower deductions and exemptions to create more jobs because there's nothing better getting us to a balanced budget than having more people working, earning more money, paying more taxes, that's by far the most effective and efficient way to get this budget balanced. >> jim you may want to move on to another topic but i would like to say this to the american people, if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillio just to give you a sense over 10 years, that's more than our entire defense budget, a
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behin bowles-simpson, get...
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Oct 4, 2012
10/12
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FOXNEWS
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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Oct 4, 2012
10/12
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CURRENT
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people who earn 4% of the income pay 4% of the taxes. people who earn 20% of the income pay 20% of the taxes. but there are people in the bottom groups pay as much tax as the others -- >> cenk: and that's not right. >> eliot: you can debate the philosophy -- >> cenk: it should be a lot more aggressive than that. there was a great article about the politicrat. that say hey dour you. >> john: he doesn't believe trickle-down works. and number two and even more damning is when he said this 47% comment, the fact is these are the people he should be trying to reach, and he really i think managed to alienate a lot of republicans too. and the fact is we finally found one kind of tax subsidy the gop doesn't like. >> al gore: here is a statistic on concentration of wealth. i had the occasion to go back and have somebody fact check it for me and really run it to ground. sam walton and his brother bud walton, founded wal-mart. their six children -- actually five children and one daughter-in-law, the six -- these six individuals in the next generatio
people who earn 4% of the income pay 4% of the taxes. people who earn 20% of the income pay 20% of the taxes. but there are people in the bottom groups pay as much tax as the others -- >> cenk: and that's not right. >> eliot: you can debate the philosophy -- >> cenk: it should be a lot more aggressive than that. there was a great article about the politicrat. that say hey dour you. >> john: he doesn't believe trickle-down works. and number two and even more damning is...
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Oct 4, 2012
10/12
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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Oct 4, 2012
10/12
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WMAR
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at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we cannot only reduce the deficit, we cannot only encourage job growth through small businesses, but we're able to make the investments that are necessary in education, or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says, well, the top 3%, they're the job creators, they'd be burdened. but under governor romney's definition, there are millionaires and billionaires who are small business. do
at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to...
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Oct 4, 2012
10/12
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KTVU
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tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, it adds up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs. i don't want to cost jobs.+ my priority is jobs. what i'd do is bring down the tax rate, lower deductions and exemptions, the same idea behind bowles-simpson, by the way. get the breaks down, lower deductions and exemptions, to create more jobs. there is nothing better for+ getting us to a balanced budget and having more people working, earning more money, pay more taxes. that is by far the most effective and efficient way to get this budget balanced. >> you mmy want to move on to another topic, but i would just say to the american people
tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, it adds up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs....
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Oct 4, 2012
10/12
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CURRENT
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federal tax, state tax, state income tax gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money, paying more taxes, that's by far the more efficient way to get this balanced. >> obama: jim, i would just say this to the american people if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for -- $7 trillion just to give you a sense over ten year's that's more than our entire defense budget and you think that by closing loop holes and deductions for the well to do somehow you will not end up picking up the tab, then governor romney's plan may work for you, but i think math common sense and our history shows us that's not a recipe for job growth. we have tried this -- we have tried bo
federal tax, state tax, state income tax gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money, paying more taxes, that's by far the more efficient way...
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tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by behind bowles-simpson, by the way, get the rates down, lower exemptions and create jobs. there's nothing better to get us to a balanced budget t
tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax,...
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1.2K
Sep 30, 2012
09/12
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everybody who pays taxes ought to get tax relief. after my plan is in place, the wealthiest americans will pay a higher percentage of taxes then they do today, the poorest of americans, six million families, won't pay any tax at all. it's a huge difference. a difference between big exploding federal government that wants to think on your behalf and a plan that meets priorities and liberates working people to be able to make decisions on your own. >> let me just say, jim, you haven't heard the governor deny these numbers. he's called them phony and fuzzy. the fact remains almost 30% of his proposed tax cut goes to -- only to americans that make more than $1 million per year. more money goes to the -- can i have a rebuttal here? >> i want to see if he buys that. >> let me tell you what the facts are. the facts are after my plan, the wealthiest of americans pay more taxes of the percentage of the whole than they do today. secondly, if you're a family of four making $50,000 in massachusetts, you get a 50% tax cut. let me give you one exa
everybody who pays taxes ought to get tax relief. after my plan is in place, the wealthiest americans will pay a higher percentage of taxes then they do today, the poorest of americans, six million families, won't pay any tax at all. it's a huge difference. a difference between big exploding federal government that wants to think on your behalf and a plan that meets priorities and liberates working people to be able to make decisions on your own. >> let me just say, jim, you haven't heard...
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Sep 30, 2012
09/12
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CSPAN
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bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it gets to 50 cents at the end of the fifth year. i think "punish" is the wrong word. again, i didn't create this problem. we a trying to solve it. if you study our international competitors, clengts up to $3.50 in taxes and use that mon to create jobs and build infrastructure. we collect 35 skhrentss and we don't have it to spend. i noi it's not popular, and i understand the nature of ur question, but the people who will be helped the most by it are the working people who will get the jobs created because of this why do we have to do it? kpw
bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it...
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Sep 30, 2012
09/12
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i don't have a plan to tax -- or increase taxes. i'm not going to increase taxes. i can understand why you are, mr. mondale, because as a senator you voted 16 times to increase taxes. now, i believe that our problem has not been that anybody in our country is undertaxed, it's that government is overfed. and i think that most of our people -- this is why we had a 25-percent tax cut across the board which maintained the same progressivity of our tax structure in the brackets on up. and, as a matter of fact, it just so happens that in the quirks of administering these taxes, those above $50,000 actually did not get quite as big a tax cut%age-wise as did those from 50,000 down. from 50,000 down, those people paid two-thirds of the taxes, and those people got two-thirds of the tax cut. now, the social security tax of '77 -- this indeed was a tax that hit people in the lower brackets the hardest. it had two features. it had several tax increases phased in over a period of time -- there are two more yet to come between now and 1989. at the same time every year, it increas
i don't have a plan to tax -- or increase taxes. i'm not going to increase taxes. i can understand why you are, mr. mondale, because as a senator you voted 16 times to increase taxes. now, i believe that our problem has not been that anybody in our country is undertaxed, it's that government is overfed. and i think that most of our people -- this is why we had a 25-percent tax cut across the board which maintained the same progressivity of our tax structure in the brackets on up. and, as a...
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Sep 30, 2012
09/12
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CSPAN
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bush talked about taxes. he didn't tell you that he vetoed a middle class tax cut because it would be paid for by raising taxes on the wealthy and vetoed an investment tax credit paid for by raising taxes on the wealthy. >> all right. we go now to mr. perot for a two-minute question, and it will be asked by john mashek. >> mr perot, you talked about fairness just a minute ago and sharing the pain. as part of your plan to reduce the ballooning federal deficit, you've suggested that we raise gasoline taxes 50 cents a gallon over five years. why punish the middle class consumer to such a degree? >> it's 10 cents a year cumulative. it finally gets to 50 cents at the end of the 5th year. i think "punish" is the wrong word. again, see, i didn't create this problem. we're trying to solve it. now, if you study our international competitors, some of our international competitors collect up to $3.50 a gallon in taxes, and they use that money to build infrastructure and to create jobs. we collect 35 cents, and we don't
bush talked about taxes. he didn't tell you that he vetoed a middle class tax cut because it would be paid for by raising taxes on the wealthy and vetoed an investment tax credit paid for by raising taxes on the wealthy. >> all right. we go now to mr. perot for a two-minute question, and it will be asked by john mashek. >> mr perot, you talked about fairness just a minute ago and sharing the pain. as part of your plan to reduce the ballooning federal deficit, you've suggested that...
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Oct 6, 2012
10/12
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additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close some corporate loopholes. i want to be honest with people. we can't eliminate this deficit. people have heard that over and over and over in four years. we cannot do it. we're in too deep a hole. but we can cut the deficit in half and move this country back on a path to fiscal responsibility. >> 90 seconds, mr. vice president. >> the kerry record on taxes is one basically of voting for a large number of tax increases, 98 times in the united states senate. there's a fundamental philosophical difference here between the president and myself, who believe we ought to let the american people keep more
additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close...
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Oct 7, 2012
10/12
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taxes or not support a tax reduction. 94 times. that is not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more what we're in and produce. government will have to learn to be more efficient and live with less if that is what it takes to rein in the government growth that we have seen today. but we do need tax relief and barack obama even supported increasing taxes as late as last year for those families making only 40 two thousand dollars a year. that is a lot of middle-income average american families to increase taxes on them. i think that is a way to kill jobs and will continue to harm our economy. >> the charges absolutely not true. barack obama did not vote to raise taxes. the vote this use referring to, john mccain voted the exact same way, which was a procedural vote. it did not raise taxes. no. 2, the governor uses -- john mccain voted 477 times to raise taxes. it is a bogus standard. but if you notice, the governor did not answer the question about d
taxes or not support a tax reduction. 94 times. that is not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more what we're in and produce. government will have to learn to be more efficient and live with less if that is what it takes to rein in the government growth that we have seen today. but we do need tax relief and barack obama even supported increasing taxes as late as last year for those families making only 40 two...